EUR/JPY Technical Analysis: Initial hurdle emerges at the 55-day SMA near 119.40

EUR/JPY Overview Today last price 119.13 Today Daily Change 38 Today Daily Change % 0.14 Today daily open 118.96 Trends Daily SMA20 117.95 Daily SMA5  |  17/09/2019 11:44
  • EUR/JPY met some decent weekly contention near the 10-day SMA at 118.64 and is now looking to extend the recovery beyond 119.00 the figure.
  • Immediately to the upside aligns the 55-day SMA near 119.40. A move further north of this area should put the psychological 120.00 handle back on the radar.
  • Further up lines up the 100-day SMA at 120.78 ahead of late July peaks in the 121.40 area.

EUR/JPY daily chart

 

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